The typical owner-occupied home in Bruce is worth about $87,100, 67% below the Wisconsin median of $266,500 and 74% below the national median of $332,700. Owners pay a median $1,162 a year in property taxes, about 1.33% of their home's value, lower than the Wisconsin rate of 1.42%. The median household earns $52,667 a year, so the median home costs 1.7 times the median income (3.4 times for Wisconsin). 68% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Bruce at a glance
| Bruce | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $87,100 | $266,500 | $332,700 |
| Median property tax paid per year | $1,162 | $3,792 | $3,119 |
| Property tax as a share of value | 1.33% | 1.42% | 0.94% |
| Median household income | $52,667 | $77,485 | $80,734 |
| Homes lived in by their owners | 68% | 68% | 65% |
| Owner homes with a mortgage | 48% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $964 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 20.2% | 19.5% | 21.0% |
| Median rent | $625 | $1,087 | $1,413 |
| Rent as a share of renters' income | 22.3% | 27.2% | 30.6% |
| Median year homes were built | 1966 | 1975 | 1980 |
| Vacant homes | 11.7% | 10.8% | 10.1% |
| Population | 900 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Bruce
At this week's average 30-year rate of 7.11%, buying the median Bruce home of $87,100 with 20% down costs about $602 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $747, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $25,782 for the 20%-down payment. That payment is 14% of the median Bruce household income of $52,667; at that income and 20% down, the 28% guideline points to a home of about $178,000.
The median rent here is $625 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,420 |
|---|---|
| Loan amount | $69,680 |
| Principal and interest | $469 |
| Property taxes (1.33% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $602 |
Change the numbers in the calculator
| Down payment | $3,048 |
|---|---|
| Loan amount | $85,522 |
| Principal and interest | $575 |
| Property taxes (1.33% a year) | $97 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $39 |
| Total per month | $747 |
Change the numbers in the calculator
Questions about home buying in Bruce
What is the median home value in Bruce?
About $87,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bruce?
Homeowners pay a median $1,162 a year, which is about 1.33% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Bruce?
For the median home with 20% down at 7.11%, the payment is about $602 a month. Keeping that under 28% of gross income takes about $25,782 a year.
More about Bruce
- Mortgage Refinance in Bruce
- Debt Relief in Bruce
- Home Equity Loans in Bruce
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data